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Main » Articles » Currency trading

Currency Majors Technical Analysis
Mataf.net

American Session

EUR/USD - Euro Dollar

1,4221. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a support above 1,4210 (11 pips). The uptrend should continue to gather momentum.

Resistances

1,4250 - 1,4300

Supports

1,4210 - 1,4160

EUR/USD - Euro Dollar

GBP/USD - British Pound Dollar

1,6536. GBP USD broke 1,6470 resistance. The volatility is high. Bollinger bands are deviated. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6470 (66 pips). The uptrend should continue on 1,6620 resistance (84 pips).

Resistances

1,6550 - 1,6620

Supports

1,6470 - 1,6340

GBP/USD - British Pound Dollar

USD/CHF - Dollar Swiss Franc

1,0681. USD CHF broke 1,0720 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The downtrend should continue to gather momentum.

Resistances

1,0700 - 1,0720

Supports

1,0660 - 1,0590

USD/CHF - Dollar Swiss Franc

USD/CAD - US Dollar Canadian Dollar

1,1047. USD CAD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CAD. The downtrend should continue to gather momentum.

Resistances

1,1085 - 1,1125

Supports

1,1020 - 1,0950

USD/CAD - US Dollar Canadian Dollar

USD/JPY - Dollar Yen

94,48. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The consolidation should continue. The price should continue to move in Bollinger bands.

Resistances

94,70 - 94,90

Supports

94,35 - 93,45

USD/JPY - Dollar Yen
Category: Currency trading | Added by: forex-market (2009-07-20)
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